Goldstein said the remote workers must pay Vermont income tax even though they earn the money in another state. The money must be used for qualified expenses such as relocation costs, computer software and hardware, internet access and co-working memberships. The worker must also perform most duties from a Vermont home office or co-working space. The grant is part of the state's efforts to encourage migration and retention of older workers.More news: All trade deals could be off, China warns US
Joan Goldstein, the state's commissioner of economic development, told CNN Vermont's population is small and aging, and "we recognize the need to recruit people" to live there. Lyons also said she hopes to retain college students who might leave for jobs after graduation. To address worker shortages, small towns in MI and OH are also offering financial incentives to people willing to move.
A study previous year by Global Workplace Analytics and FlexJobs reported that 3.9 million workers, or nearly 3 percent of the US workforce, worked from home at least half the time in 2015. In March, Governor Scott and the Vermont Division of Tourism and Advertising introduced the so-called Keep-to-Keep initiative, which is meant to assist vacationers relocate to the state.More news: Serena Williams Tops Ashleigh Barty in 2018 French Open 2nd Round
The program will begin on January 1, 2019 and is available to people out of state who are employed full-time with a company based outside of Vermont but work at home or a co-working space. Current residents aren't eligible, according to the Burlington Free Press.
In 2019, the total amount of grants can not surpass $125,000.More news: Celtics' Hayward undergoes surgery, expected to make training camp
Tourists who plan their trips to the state during one of the designated weekends from April to October have the opportunity to network with employers, entrepreneurs, and realtors.